Total quantity being produced is less than would be produced under perfect competition, but more than would be produced under monopoly.

此情况下的总产出,比完全竞争情况下的要少,但比垄断情况下的要大

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So from the point of view of the producers, this Cournot Equilibrium is worse than monopoly, but better than perfect competition.

从生产者的角度来看,古诺均衡劣于垄断,优于完全竞争

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So the amount of output produced by the industry was somewhere between the case that would be under monopoly and under perfect competition.

亦即是行业产量,在某种程度上是介于,在垄断和完全竞争两种情况之间

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The outcome we believe I think, is that imperfect competition should look something between monopoly and perfect competition, it shouldn't look like perfect competition.

这个可信的结果是,不完全竞争应该是介于,垄断和完全竞争之间,而不是与完全竞争相似

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But we'd like a model that yields an outcome that looks-- that when you only have two firms looks somewhere between monopoly and perfect competition.

但我们想要一个模型能带来这样的结果,即,当只有两家公司时,一个介乎于垄断和完全竞争之间的情形

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And from the point of view of the rest of us, the consumers, this Cournot quantity is worse than perfect competition but better than monopoly.

而从消费者的角度来看,古诺均衡劣于完全竞争,但优于垄断情况

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One extreme case is perfect competition and the other extreme case is monopoly.

一个极端情况是完全竞争,另一个则是垄断

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And we did a third thing, which we tried to match this up to the economic intuition about monopoly, and perfect competition, and demand curves, and so on.

我们使用的第三个方法,我们尝试将它和,经济直觉联系起来,如垄断,完全竞争和需求曲线等等

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It was more than under monopoly, less than perfect competition.

它比在垄断下的产量高,比完全竞争下的产量低

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Consequently, prices are going to go the other way and consequently prices are going to be highest under monopoly, lowest on the competition, and somewhere in between in this Cournot situation.

相应的,价格则呈相反趋势,垄断情况下的价格最高,完全竞争情况下的价格最低,古诺均衡时价格处于两者之间

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